Get to know your offshore companies: SAMSUNG ELECTRONICS CO. LTD (KSE: 005930)

Samsung released strong Q1 2021 earnings on 28 April 2021. Total revenue in the first quarter increased by 18.2% to 65.39 trillion Korean Won (KW) (Q12020: 55.33 trillion KW), making a new all-time high for a first quarter. First-quarter net profit rose by 46% to 7.1 trillion KW (Q12020: 4.89 trillion KW). This significant increase was mainly led by the company’s mobile division with the latest flagship smartphone, the Samsung Galaxy S21, reporting solid sales figures.

ROE increased to 10% from (Q12020: 7%). Samsung and Hyundai are in partnership, busy developing next-generation super-efficient semiconductors, battery management chips, image sensors, and application processors for in-car entertainment/information systems. This could have significant upside potential for the company.

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